Warren Buffett warned: “Be careful when others are greedy. Be greedy when others are cautious." It remains to understand the mood of the crowd. The mood of traders (“the crowd”) is one of the main driving factors in the financial markets. At the same time, its correct assessment allows you to make the right trading decisions even before a clear change in the behavior of assets. Analysts are constantly trying to create tools (indices, indicators) that would give a visual representation of market sentiment.
One of the main ones today is the Fear and Greed Index. This index was introduced by CNNMoney. It is used to assess what sentiment prevails in the stock market: whether the trend is to increase quotes or decrease them. The index can suggest a possible reversal in the stock market, as it was, for example, on Black Thursday, March 12, 2020. In just one month, the S&P 500 fell 30%, and the Fear & Greed Index dropped from 80, which is extreme greed, to 5, which is extreme fear.
The problem is that the Fear and Greed Index uses parameters obtained from the results of the trading day. And a trader needs to react to market conditions and make trading decisions in milliseconds. Even better, if information about the reputation of the market is available before the start of trading operations.
And this is where the Exorde protocol can help. The Exorde Index measures market sentiment BEFORE trading takes place. Exorde is built around a core platform that provides unbiased credibility scores for information (and virality-related analytics) based on the community, AI modules, and a token-based economy.
Exorde uses an open source decentralized protocol to collect data from around the world. The project is based on the idea of decentralization, which guarantees data neutrality and transparency. Exorde aims to extract and sell brand/cryptocurrency/share reputation scores based on what people say on social media.
Exorde receives input URLs for public information such as social media posts, press articles, photos, and videos. These URLs are then processed in a decentralized data pipeline that produces output graphs linking all similar data and facts. The analyzed content is stored in an archive that has open access, so any person can access the original information at any time and from anywhere in the world.
Exorde is run by its DAO (Decentralized Autonomous Organization) and uses community votes and polls. Management will be decentralized among all members of the community. Collectively, they will be able to change the internal rules and parameters of the systems (rewards, limits, delays, scheduling, etc.) and will have a built-in reputation system. These mechanisms are designed to continually align the interests of the community and its governance for the benefit of Exorde.
To conclude, the past year has been all about designing, thinking, thinking, rethinking… optimizing the Exorde network and its future EXD token economy. The testnet is now 5 months old and the last 2-3 months have been extremely constructive. The team improved blockchain throughput, redesigned the reputation system for greater efficiency, reimagined scalable Data/IPFS systems, optimized smart contracts, launched solidity auditing, released the first data product, and much more.
But all this is only the very beginning of Exorde's journey. Exorde is organically growing and becoming a real community with real network effects! Let's build Exorde together and make it the first data economy of its kind based on blockchain and decentralized data
This new year will be the year of the launch of Mainnet 1.0 and the start of the network effect!
@ExordeLabs @ExordeIndex #web3 #protocol #exorde #testnet $EXD
Exorde approved by Coinlist, Nodes Guru, DropsEarn
Discord: https://discord.gg/C39qTfqgqN